Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

[PAI]

While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]



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[tony7]

While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]



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The post Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth appeared first on Panther AI.

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The fact that PYUSD is driving stablecoin growth with such a large surge is intriguing. The increase in the values of Bitcoin and Ethereum likely increased investor trust generally, which fueled the stablecoin industry's growth.